The news also helped fuel marked gains in both indexes and exchange-traded funds, several of which saw gains of 3% to 5% in morning trades. The Nasdaq Biotechnology Index
/quotes/zigman/12633939NBI was up 3.7% to 1,879.78 and the NYSE Biotech Index
/quotes/zigman/6017893BTK was up 3.4% to 2,022.87.

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About Health Exchange

Health Exchange guides investors to the crucial market intelligence they need to keep up with the health care industry, which makes up one-sixth of the U.S. economy. Anchored by Russ Britt, Health Exchange is the essential site for those looking for the most important news, data and analysis on the sector. You can reach Russ at Rbritt@marketwatch.com.